Canon shares slide 7 percent after it cuts profit outlook

July 24, 2013|Reuters

TOKYO (Reuters) - Shares in Canon Inc <7751.T> fell 7 percent to a three-week low on Thursday after the world's largest digital camera maker cut its operating profit forecast for the year by 16 percent, citing a slowdown in China and other emerging economies.

Canon shares fell as low as 3,190 yen.

Rival Nikon Corp <7731.T> also sagged more than 5 percent to 2,152 yen.